Word: wager
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...Nikkei 225, an index of the value of 225 Japanese stocks that is Japan's equivalent of the Dow Jones Industrial Average. It was a straightforward process: in effect, Leeson placed open-ended bets on what would happen to billions of dollars worth of Japanese stocks and bonds. His wager was similar to what gamblers in Las Vegas betting on a football game call the over and under-meaning a bet on whether the final score of a football game will be above or below a certain number of points. Leeson was betting the over on the Nikkei...
...late November or December, Leeson decided to wager that the Nikkei index would not drop below about 19,000 points on March 10, 1995. It seemed to be a safe bet: the Japanese economy was already rebounding after a 30-month recession. Using the account No. 88888 also had a special advantage, one that Leeson had probably learned about in his old back-office job in London when he made sure cash flowed into the right accounts. Both Osaka and Singapore demand prompt margin payments on contracts-that is, the difference between what the contracts were sold for and their...
...Greek hero, but it is life's blood to theater people. What else gives them the courage to put epic dreams on a bare stage, to evoke ancient empires with only words and a few props? Arrogance is the mother of theatrical invention, and the spur to Douglas C. Wager's new production of Derek Walcott's The Odyssey at the Arena Stage in Washington...
...bucks that says that Neil won't make it past the 20-mile mark," one would-be dry humorist says, slapping the table to reinforce the wager...
Yesterday, she offered to wager that a new vicepresident will be named within a month...